Flexpoint Application
for NASA Grant Funding
Accepted
October 20, 2009 8:00 AM
ETDRAPER, Utah--(BUSINESS WIRE)--Flexpoint Sensor Systems, Inc. (OTCBB:FLXT )
today announced that
their application for a
National Aeronautics and
Space Administration,
(“NASA”), grant for
development of
innovative technology
has been accepted by
NASA.
The Grant Funding
request for Proposals
was a part of NASA’s
National Aviation Safety
Program, Integrated
Vehicle Management
Project which “develops
validated tools,
technologies and
techniques for automated
detection, diagnosis and
prognosis that enable
mitigation of adverse
events during flight.”
NASA is
interested in products
or systems that will
forward “research
directed at fundamental
knowledge of legacy and
future aircraft
structures and systems
durability; on-board
detection, diagnosis,
prognosis, prediction
and mitigation of system
failures and faults;
monitoring vehicle and
airspace issues to
identify problems before
they become accidents;
understanding aircraft
dynamics of current and
future vehicles in
damaged and upset
conditions.”
Flexpoint’s submission included the following declaration, “The Bend
Sensor® can
be placed in areas
previously impossible or
impractical for the
placing of sensors.
By laminating
these robust sensors
into assemblies such as
wings, critical areas in
fuselages, and rotors,
new critical performance
data can become
available to the
operators and
maintenance personnel.
Real time
monitoring of
rotorcraft power trains
is practical, along with
automated techniques to
obtain and process
diagnostic information
for detecting onset of
failure, isolating
damage, and assessing
damage severity.
By integrating
the Bend Sensor®
with rotorcraft, it
could be used to predict
the health and usage of
rotorcraft dynamic
mechanical systems in
the engine and drive
system, as well as
automatic rotor
imbalance detection and
rotor smoothing.”
Should this
concept prove viable
other applications could
include the monitoring
of building roofs, floor
trusses, and bridge
supports. Giving real
time feed back for
normal structural
loading as well as
abnormal loads.
Clark Mower,
President of Flexpoint
Sensor Systems, stated,
“Our unique technology
allows us the
opportunity of
pursuing
additional areas of
applications
and felt that
NASA’s Request for
Proposals for Grant
Funding matched the Bend
Sensors® capabilities.
We will continue
to pursue alternative
funding opportunities,
such as grants from
other government
agencies and other
sources.
We are delighted
that the application was
accepted by NASA and
look forward to being
able to provide
additional information
and applications as we
determine unique
applications and product
for our patented Bend
Sensor®
technology.”
Flexpoint Sensor Systems, Inc.
Manufactures a patented cutting edge flexible sensor, that has also proven to be an extremely durable switch. The single layer Bend Sensor® product allows for the measurement of mechanical movement, air flow, water flow or even vibration. It can be used as a range of motion sensor, or as a durable, & reliable switch in most harsh environments. Flexpoint serves numerous industries including automotive, medical, industrial controls & more.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Contact:
Flexpoint Sensor Systems
Clark Mower, 801-568-5111
or
Chesapeake Group
Kevin Holmes, (410) 825-3930
Source: Flexpoint Sensor Systems, Inc.
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